Circular LISOL 1-1143 REMON 1-1151 Minimum Cash. Classification of Debtors. Clarification and Update.

"2026 - YEAR OF ARGENTINA'S GREATNESS"
COMMUNICATION “A” 8443 29/05/2026
TO FINANCIAL ENTITIES,
TO FIDUCIARIES OF FINANCIAL TRUSTS INCLUDED IN THE FINANCIAL ENTITIES LAW, TO CREDIT PORTFOLIO ADMINISTRATORS OF PREVIOUS FINANCIAL ENTITIES, TO RECIPROCAL GUARANTEE COMPANIES, TO PUBLIC-CHARACTER GUARANTEE FUNDS, TO NON-FINANCIAL CREDIT CARD ISSUERS, TO NON-FINANCIAL PURCHASE CARD ISSUERS, TO OTHER NON-FINANCIAL CREDIT PROVIDERS, TO PEER-TO-PEER CREDIT SERVICE PROVIDERS THROUGH PLATFORMS:

Ref.: Circular LISOL 1-1143, REMON 1-1151:
Minimum Cash. Classification of Debtors. Clarification and Update.

We address you to deliver the sheets that, replacing those previously provided, must be incorporated into the ordered text on Minimum Cash, in order to include a regulatory clarification in the third-to-last paragraph of point 1.3, based on the provisions disseminated by Communication A 8423. Likewise, we note that an error was corrected in point 3.3.8 of the ordered text on Classification of Debtors (where it refers to point 1.5.5 of the ordered text on Credit Management, it should read point 1.3.5.). It is recalled that on this Institution's website www.bcra.gob.ar, by accessing “Sections – Financial System – LEGAL AND REGULATORY FRAMEWORK – Orders and summaries – Ordered texts of general regulation”, the modifications made will be found, with texts highlighted in special characters (strikethrough and bold). We salute you attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
María N. Prieto Mazzucco Darío C. Stefanelli
Deputy Manager of Monetary Regulations and Active Operations Principal Manager of Issuance and Regulatory Applications

ANEXO

b) up to 5.5 percentage points of the rate provided in subsection ii) of point 1.3.5.1.; and c) up to 3.5 percentage points of the rates provided in subsections iii) and iv) of point 1.3.5.1., in subsection a) of point 1.3.7.1, in subsection iv) of point 1.3.9 and in points 1.3.12., 1.3.13.1 and 1.3.15.1. Furthermore, the integration of the minimum cash requirement in pesos –periodic and daily– permitted by these regulations using national public titles in pesos –including those adjustable by CER and with dual-currency yield (BONO DUAL) and excluding those linked to the evolution of the US dollar– acquired through primary subscription, may be carried out with titles received in swap operations arranged by the National Government for titles acquired both through primary subscription and in the secondary market. To be admitted for integration with national public titles in pesos, LELIQ and/or NOBAC as provided in this point must be valued at market prices –regardless of the valuation criterion for their accounting registration– and deposited in Subaccount 60 minimum cash established in the Central Registry and Clearing of Public Debt Instruments, Monetary Regulation and Financial Trusts (CRYL). Additionally, LELIQ effectively used to integrate guarantees covering the net debtor balances arising in the compensation processes of electronic clearing chamber peso operations will be admitted for integrating the minimum cash requirement provided in point 1.3.17., without exceeding 50% of the guarantees required for each product.
1.4. Residual term.
1.4.1.Determination.
1.4.1.1. General case.
The residual term of each term obligation equals the number of days remaining until maturity.
1.4.1.2. Term investments.
In the case of term investments, the following criteria will apply:
i) Constant term.
The remaining term until maturity will be considered, taking into account the automatic extension or, if applicable, the term resulting from exercising the option to revoke it.

B.C.R.A.
MINIMUM CASH
Section 1. Requirement.
Version: 35a. COMMUNICATION “A” 8443 Validity:
30/05/2026 Page 9

ORDERED TEXT (Sec. Point Para.)	ORIGIN NORM (Com. Annex)	OBSERVATIONS
1.3.7. “A” 3549	According to Com. “A” 4179, 4388, 4549, 4851, 5356, 5534, 5555, 5569, 5873, 5893, 5980, 6195, 6526, 6532, 6616, 6706, 6728, 6740, 6817, 7016, 7290, 7295, 7383, 7432, 7511, 7536, 7545, 7614, 7637, 7717, 7767, 7775, 7923, 8061, 8124, 8306 and 8355.
1.3.8. “A” 4754 6.	According to Com. “A” 5356, 5980, 6195, 6526, 6532, 6616, 6728, 7536 and 8306.
1.3.9. “A” 5945 4.	According to Com. “A” 6069, 6204, 6616 and 8306.
1.3.10. “A” 6341	According to Com. “A” 6616, 8288 and 8306.
1.3.11. “A” 6069 4.	According to Com. “A” 6616 and 8306.
1.3.12. “A” 6992	According to Com. “A” 7988, 8000, 8119, 8189, 8281, 8289, 8306 and 8355.
1.3.13. “A” 8000 1.	According to Com. “A” 8119, 8281, 8286, 8289, 8306 and 8355.
1.3.14. “A” 7429
1.3.15. “A” 7556 4.	According to Com. “A” 7570, 7571 and 8306.
1.3.16. “A” 6526	According to Com. “A” 6532, 6550, 6587, 6616, 6706, 7016, 7290, 7511, 7536, 7611, 7637, 7767, 8134, 8302, 8350 and 8355.
1.3.17. “A” 6550	According to Com. “A” 6556, 6559, 6575, 6587, 6616, 6706, 6738, 6740, 6817, 7018, 7029, 7047, 7092, 7290, 7295, 7383, 7432, 7511, 7536, 7545, 7573, 7614, 7717, 7775, 7923, 8061, 8124, 8134, 8189, 8252, 8289, 8302, 8306, 8350, 8355 and 8423.
1.3. Third-to-last “A” 7717	According to Com. “A” 8061, 8302, 8350 and 8443. Includes regulatory clarification.
Penultimate “A” 6526	According to Com. “A” 6532, 6556, 6569, 6575, 6587, 6616, 6628, 6740, 7016, 7290, 7295, 7511, 7536, 7573, 7637, 7767, 8061, 8302, 8306 and 8378.
Last “A” 7742	Includes regulatory clarification.

3.3.5. The description of the adopted procedure, when for the purpose of updating the customer file the assigned classification is maintained in separate spreadsheets, allowing precise identification of the classification assigned to each customer from the spreadsheet to the file and vice versa.
3.3.6. The exercise of the option to entrust external professionals with the classification task.
3.3.7. In cases where specific evaluation methods are adopted for granting financial assistance under point 1.1.3.3. b) of the TO on Credit Management, the specifications contained in said point must be observed.
3.3.8. The policy containing the criteria on which personnel with credit authority in the financial entity may decide to authorize circumstantially, including cases exceeding the total assistance margin assigned to each customer as provided in point 1.1.3.2 of the TO on Credit Management, overdrafts on bank current accounts when no limit has been assigned to the customer or when they exceed the utilization margins agreed upon, without prejudice to subsequent approval –in each case– of the use of this modality according to point 1.3.5 of the cited TO.
The manual must be permanently available to the Superintendence of Financial and Foreign Exchange Entities.
3.4. Customer file.
3.4.1. Opening.
The entity must maintain a file for each debtor in its portfolio, as well as for each of its correspondents, according to what is established in the TO on Correspondence Accounts. In cases of credits assigned to the entity without recourse for the assignor –the economic unit receiving the funds–, a file must be opened for the signatory, drawer, debtor, co-debtor or acceptor of the respective instruments, constituted consequently as principal and direct payers, to whom the claims have been imputed. Opening of the file is not mandatory in cases of debtors for public services or credit cards considered for classification purposes because the respective credits were assigned by debtors in preventive bankruptcy.

B.C.R.A. CLASSIFICATION OF DEBTORS
Section 3. Classification task.
Version: 9a. COMMUNICATION “A” 8443 Validity:
30/05/2026 Page 2

ORDERED TEXT (Sec. Point Para.)	ORIGIN NORM (Com. Annex)	OBSERVATIONS
1.1. “A” 2216 I 1°	Includes interpretative clarification.
1.2.1. “A” 2216 I 6. 2°
1.2.2. “A” 2216 I I.d. 2° y 3°
2.1.1. a “A” 2216 I 1°	According to Com. “A” 5067.
2.1.3. y “A” 2216 I I.d. 1°
2.1.5. “A” 2448	Debtor status report (point 6.1.).
2.1.4. “A” 2736 3.
2.1.6. “A” 6396 2.	According to Com. “A” 6428. Includes interpretative clarification.
2.2.1. “A” 2448	Debtor status report (point 6.1., modified by Com. “A” 2421). According to Com. “A” 6396.
2.2.1.1. a 2.2.1.4. “A” 2448	Debtor status report (point 6.1., modified by Com. “A” 2421).
2.2.1.5. “A” 2448	Debtor status report (point 6.1., modified by Com. “A” 2421 and 3064).
2.2.1.6. y 2.2.1.7. “A” 2448	Debtor status report (point 6.1., modified by Com. “A” 2421).
2.2.2. “A” 2448	Debtor status report (point 6.2.).
2.2.3. “A” 2287 5.
2.2.4. “A” 2412	In the 2nd paragraph of point 2.2.4.3. incorporates a criterion not previously disclosed generally. According to Com. “A” 5671 and 5740.
3.1. “A” 2216 I 2. 1°
3.2. “A” 2216 I 4.
3.3. 1° “A” 2216 I 2. 2°
3.3.1. “A” 2216 I 2. 2°
3.3.2. “A” 2216 I 2. 2°	Includes interpretative clarification.
3.3.3. “A” 2216 I 6. last	According to Com. “A” 2358 (point 1.), 4310 (point 1.), 4975, 5311, 5637, 5998, 6558 and 6938.
3.3.4. “A” 2216 I 7. last
3.3.5. “B” 5644 2.
3.3.6.	Incorporates a criterion not previously disclosed generally.
3.3.7. “A” 4325 2.	According to Com. “A” 4559 (point 6.).
3.3.8. “A” 4683 3.	According to Com. “A” 6851, 7443 and 8443.

B.C.R.A. ORIGIN OF THE PROVISIONS CONTAINED IN THE ORDERED TEXT ON CLASSIFICATION OF DEBTORS